HG Fusion: Update Call Q1 2026 (EMEA)

Past performance is not indicative of future results, and there can be no assurance that HG Capital will achieve comparable results or will be able to implement its investment strategy or achieve its investment objective. The information contained herein is a summary only. For complete information about the Fund, including the risks investing, applicable fees and other important information, prospective investors are advised to request a copy of and read the Prospectus and Supplement (for Switzerland, additionally the Tax Notification Letter; for the UK & Jersey, additionally the fee schedule). Investors should also take note of the General Risk Information and refer to the Glossary for definition of certain terms.

This web conference is being organized by UBS Switzerland AG ("UBS") and is co-hosted by HG Capital, who are independent fund manager (“Fund Manager”). UBS and/or UBS Group entities have distribution agreements in place with the Fund Manager and, accordingly, may receive monetary and non-monetary benefits from Fund Manager for the distribution and/or custody of units/shares in investment funds.

All investment ideas and examples mentioned in this web conference are of general nature and intended as information. They have not been tailored to the specific needs, investment objectives, or personal and financial circumstances of a specific end-client and shall not be considered as investment advice of UBS. Although all information and opinions expressed in this web conference were obtained from sources believed to be reliable and in good faith, no representation or warranty, express or implied, is provided in relation to their accuracy, completeness or reliability. All information and opinions expressed in this web conference are subject to change at any time without prior notice and may differ or be contrary to opinions expressed by other business areas or divisions of UBS. Certain services and products are subject to legal restrictions and cannot therefore be offered worldwide on an unrestricted basis.

Except where explicitly stated, UBS does not provide legal or tax advice and this web conference does not constitute such advice. UBS strongly recommends to all people considering the information, products and services mentioned in the web conference to obtain appropriate independent legal, tax and other professional advice.

UBS specifically prohibits the distribution or reproduction of the presentations and other material made available in whole or in part without the prior written permission of UBS.

Non-Traditional Assets

Non-traditional asset classes are alternative investments that include hedge funds, private equity, real estate, and managed futures (collectively, alternative investments). Interests of alternative investment funds are sold only to qualified investors, and only by means of offering documents that include information about the risks, performance and expenses of alternative investment funds, and which clients are urged to read carefully before subscribing and retaining. An investment in an alternative investment fund is speculative and involves significant risks. Specifically, these investments (1) are not mutual funds and are not subject to the same regulatory requirements as mutual funds; (2) may have performance that is volatile, and investors may lose all or a substantial amount of their investment; (3) may engage in leverage and other speculative investment practices that may increase the risk of investment loss; (4) are long-term, illiquid investments, there is generally no secondary market for the interests of a fund, and none is expected to develop; (5) interests of alternative investment funds typically will be illiquid and subject to restrictions on transfer; (6) may not be required to provide periodic pricing or valuation information to investors; (7) generally involve complex tax strategies and there may be delays in distributing tax information to investors; (8) are subject to high fees, including management fees and other fees and expenses, all of which will reduce profits.

Interests in alternative investment funds are not deposits or obligations of, or guaranteed or endorsed by, any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation, the Federal Reserve Board, or any other governmental agency. Prospective investors should understand these risks and have the financial ability and willingness to accept them for an extended call, before making an investment in an alternative investment fund and should consider an alternative investment fund as a supplement to an overall investment program.

In addition to the risks that apply to alternative investments generally, the following are additional risks related to an investment in these strategies:

• Hedge Fund Risk: There are risks specifically associated with investing in hedge funds, which may include risks associated with investing in short sales, options, small-cap stocks, “junk bonds,” derivatives, distressed securities, non-U.S. securities and illiquid investments.
• Managed Futures: There are risks specifically associated with investing in managed futures programs. For example, not all managers calls, and managed futures strategies may have material directional elements.
• Real Estate: There are risks specifically associated with investing in real estate products and real estate investment trusts. They involve risks associated with debt, adverse changes in general economic or local market conditions, changes in governmental, tax, real estate and zoning laws or regulations, risks associated with capital calls, and, for some real estate products, the risks associated with the ability to qualify for favorable treatment under the federal tax laws.
• Private Equity: There are risks specifically associated with investing in private equity. Capital calls can be made on short notice, and the failure to meet capital calls can result in significant adverse consequences including, but not limited to, a total loss of investment.
• Foreign Exchange/Currency Risk: Investors in securities of issuers located outside of the United States should be aware that even for securities denominated in U.S. dollars, changes in the exchange rate between the U.S. dollar and the issuer’s “home” currency can have unexpected effects on the market value and liquidity of those securities. Those securities may also be affected by other risks (such as political, economic or regulatory changes) that may not be readily known to a U.S. investor.